NYSE:GNK   Genco Shipping & Trading Limited
GNK has seen a recent increase in volume and clear signs of accumulation in the last few months, in particular drifting price after pocket pivot signals in the volume indicator. This resulted in GNK breaking out to ATHs over the $26 pivot level yesterday. Relative strength is good and price is holding up well despite bearish market conditions. Look for price to hold over $26 with volume , which will confirm this previous resistance is now acting as support


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